Innovative approaches for flood risk management and financing in agriculture - Part A - Pasak River

The Commodity Risk Management Group (CRMG) of the World Bank is working to scale up the existing index insurance projects for new client countries and for new risks. Given the importance of flood risks in Asia, Africa, Central America, and many other parts of the developing world, CRMG seeks methods to index flood losses. Extending the index approach from drought risk to flood risk requires the Group to expand into new technologies. To this end, the author provides an overview of contemporary techniques for flood risk assessments and focuses on major issues concerning flood risk mapping and flood damage indices. The flood modelling study of the Upper Pasak River basin in Thailand illustrates the approaches of the paper.

Commodity risk management group, World Bank - 2007